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    Lake City, MI
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    Lake City, MI Restaurants for Sale

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    Historic Bar with Lake View
    $475,000
    2,300 SF

    Historic Bar with Lake View

    117 S Main Street, Lake City, MI 49651

    Established bar in prime location with lake views and patio.

    • Prime downtown location with STUNNING VIEWS of Lake Missaukee.
    • Established, historic business with a long‑standing reputation.
    • Large bar area of approximately 2,300 sq ft.
    • Extensive patio space of approximately 2,300 sq ft, IDEAL FOR EVENTS.
    • Well‑known for its welcoming atmosphere and community connection.
    Updated: Apr 6
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    Lake City Restaurant/Bar Opportunity
    $470,000
    2,500 SF

    Lake City Restaurant/Bar Opportunity

    113 Main Street, Lake City, MI 49651

    Turnkey restaurant and bar near Lake Missaukee, ready for immediate use.

    • Prime location steps from Lake Missaukee, an 1,800‑acre all‑sports lake.
    • Turnkey restaurant/bar business opportunity with complete equipment inventory.
    • Fully equipped 2,500 sq. ft. building with state‑of‑the‑art commercial kitchen and full bar.
    • Includes three lots with lake views and easy access by foot, car, or boat.
    • Located in the heart of Lake City, surrounded by year‑round tourism and community events.
    Updated: Jun 17, 2025
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    Established Restaurant Opportunity in Lake
    $129,900
    510 SF

    Established Restaurant Opportunity in Lake

    Turnkey restaurant for sale in a visible location.

    81 N Morey Road, Lake City, MI 49651
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    Established Restaurant Business Opportunity
    $289,900
    1,400 SF

    Established Restaurant Business Opportunity

    Operating restaurant for sale with real estate, equipment, and inventory.

    137 N Front Street, Lake City, MI 49651
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    Based on your search, we've compiled 4 Potential Opportunities for your consideration. Besides 4 Active listings in Lake City, MI, we suggest exploring several alternatives:

    Lake City, MI Restaurants Investment Opportunities Market Analysis

    Explore 4 restaurants for sale in Lake City, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 6,710 square feet of properties for sale, with an estimated market value of $1,364,800.

    Sale prices for restaurant properties in Lake City, MI start at $129,900, averaging $341,200, and reaching up to $475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    6-Month New Listing Trend

    Monthly new listing volume vs. 6-month average in Lake City.

    Top Commercial Asset Segments

    Bars & Pubs 2
    Turn key restaurants 2
    Conventional restaurants 1

    Demographics Overview

    Population 7,540
    Population Growth (5Y) -4.4%
    Median Household Income $61,524
    College Educated 26.1%

    High-Yield Neighborhoods for Strategic Investment

    Identify Lake City submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49651 $341.2K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Property Tax per SF $98.07 per sq ft
    Average Loan-to-Value 65.0%

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